Latest news with #LouisianaLNG
Yahoo
2 days ago
- Business
- Yahoo
Woodside Energy Finalizes $5.7B Sale of Louisiana LNG Stake to Stonepeak
Woodside Energy Group Ltd. (NYSE:WDS) is one of the best low priced energy stocks to buy now. On June 25, Woodside Energy completed the sale of a 40% stake in its Louisiana LNG project to Stonepeak Partners. The project whch is located in Calcasieu Parish and is currently under construction. The transaction builds upon an agreement announced on April 7 earlier this year. Under the agreement, Stonepeak will provide $5.7 billion towards the expected capital expenditure for the foundation development of Louisiana LNG on an accelerated basis. Stonepeak's contribution will cover 75% of the project's capital expenditure in both 2025 and 2026. Woodside received a closing payment of approximately $1.9 billion, which represents Stonepeak's 75% share of capital expenditure funding incurred since the effective date of January 1. A worker in safety gear with a drill rig in a sprawling oilfield. Woodside made a final investment decision/FID for the project in April 2025, with the gross capital expenditure estimated at $17.5 billion. The FID approved Phase 1 of the project, which includes 3 liquefaction trains with a combined capacity of 16.5 million metric tons per annum/MMtpa. The Louisiana LNG project holds an Energy Department permit to export a cumulative 1.42 trillion cubic feet a year of natural gas equivalent, or 27.6 MMtpa of LNG, to both FTA and non-FTA countries. Woodside Energy Group Ltd. (NYSE:WDS) explores, evaluates, develops, produces, markets, and sells hydrocarbons in the Asia Pacific, Africa, the Americas, and Europe. While we acknowledge the potential of WDS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
American Press
25-06-2025
- Business
- American Press
Woodside completes sell-down of Calcasieu LNG facility to Stonepeak
Louisiana LNG is a fully permitted LNG project located near Lake Charles with total permitted capacity of 27.6 million tonnes per annum (Mtpa) across five trains. (Special to the American Press) Woodside Louisiana — an under-construction, LNG production and export terminal in Calcasieu Parish — announced Tuesday that it has completed the sell-down of a 40% interest in its Lake Charles facility to Stonepeak. Under the transaction — first announced on April 7 — Stonepeak will provide $5.7 billion towards the expected capital expenditure for the foundation development of Louisiana LNG on an accelerated basis, contributing 75% of project capital expenditure in both 2025 and 2026. The closing payment of about $1.9 billion received by Woodside reflects Stonepeak's 75% share of capex funding incurred since Jan 1. Woodside CEO Meg O'Neill said Stonepeak would add further value to the Louisiana LNG Project. 'Our partnership with Stonepeak reflects the attractiveness of Louisiana LNG and was a key milestone towards achieving a successful final investment decision,' she said. 'The accelerated capital contribution from Stonepeak enhances Louisiana LNG project returns and strengthens our capacity for shareholder returns ahead of first cargo from the Scarborough Energy Project in Western Australia, targeted for the second half of 2026.' Louisiana LNG is a fully permitted LNG project with total permitted capacity of 27.6 million tonnes per annum (Mtpa) across five trains. The approved foundation project includes three trains with a combined capacity of 16.5 Mtpa and achieved a successful final investment decision in April 2025.
Yahoo
25-06-2025
- Business
- Yahoo
Woodside closes 40% stake sale in Louisiana LNG project
Australia-based Woodside Energy has completed the sale of a 40% interest in its Louisiana LNG project to global investment firm Stonepeak. The deal marks a strategic move to enhance the project's economics and bolster Woodside's capacity for shareholder returns. Stonepeak senior managing director and US Private Equity head James Wyper said: 'Louisiana LNG will be a timely and strategic addition to the US LNG [liquefied natural gas] export landscape as the world's demand for cleaner, more flexible and more affordable energy continues to grow. 'We look forward to contributing our expertise and capital to the construction and future operation of Louisiana LNG and are highly energised to continue supporting the development of critical North American LNG infrastructure with global impact.' The binding agreement, first announced on 7 April 2025, has now reached fruition with Stonepeak committing $5.7bn towards the project's capital expenditure (capex). This investment will cover 75% of the project's costs in both 2025 and 2026, accelerating its development. Woodside has received a closing payment of around $1.9bn, reflecting Stonepeak's share of capex since the deal's effective date of 1 January 2025. Woodside CEO Meg O'Neill said: 'Our partnership with Stonepeak reflects the attractiveness of Louisiana LNG and was a key milestone towards achieving a successful final investment decision. Stonepeak is a high-quality partner, with extensive investment experience across US gas and LNG infrastructure. 'The accelerated capital contribution from Stonepeak enhances Louisiana LNG project returns and strengthens our capacity for shareholder returns ahead of first cargo from the Scarborough Energy Project in Western Australia, targeted for the second half of 2026. 'We continue to see strong interest from additional potential partners in Louisiana LNG.' This development comes on the heels of Japan-based energy company JERA's recent signing of a non-binding heads of agreement with Woodside Energy Trading Singapore for the LNG procurement. Situated near Lake Charles, Louisiana LNG has a total permitted capacity of 27.6 million tonnes per annum (mtpa) across five trains. The approved foundation project features three trains with a combined capacity of 16.5mtpa. "Woodside closes 40% stake sale in Louisiana LNG project" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
25-06-2025
- Business
- Business Wire
Woodside Completes Louisiana LNG Sell-Down to Stonepeak
HOUSTON--(BUSINESS WIRE)--Woodside is pleased to announce the completion of the sell-down of a 40% interest in Louisiana LNG Infrastructure LLC to Stonepeak, a leading global investment firm specialising in infrastructure and real assets. The completion follows Woodside's announcement on 7 April 2025 that it had signed an agreement with Stonepeak, enhancing Louisiana LNG economics and strengthening Woodside's near-term capacity for shareholder returns. 1 Under the transaction, Stonepeak will provide US$5.7 billion towards the expected capital expenditure for the foundation development of Louisiana LNG on an accelerated basis, contributing 75% of project capital expenditure in both 2025 and 2026. The closing payment of approximately US$1.9 billion received by Woodside reflects Stonepeak's 75% share of capex funding incurred since the effective date of 1 January 2025. Woodside CEO Meg O'Neill said Stonepeak would add further value to the Louisiana LNG Project. 'Our partnership with Stonepeak reflects the attractiveness of Louisiana LNG and was a key milestone towards achieving a successful final investment decision. Stonepeak is a high-quality partner, with extensive investment experience across US gas and LNG infrastructure. 'The accelerated capital contribution from Stonepeak enhances Louisiana LNG project returns and strengthens our capacity for shareholder returns ahead of first cargo from the Scarborough Energy Project in Western Australia, targeted for the second half of 2026. 'We continue to see strong interest from additional potential partners in Louisiana LNG.' Stonepeak Senior Managing Director and Head of US Private Equity James Wyper said the company was pleased to be working with Woodside. 'Louisiana LNG will be a timely and strategic addition to the US LNG export landscape as the world's demand for cleaner, more flexible and more affordable energy continues to grow. 'We look forward to contributing our expertise and capital to the construction and future operation of Louisiana LNG and are highly energised to continue supporting the development of critical North American LNG infrastructure with global impact.' About Stonepeak Stonepeak is a leading alternative investment firm specialising in infrastructure and real assets with approximately US$73 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, DC, London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. About Louisiana LNG Louisiana LNG is a fully permitted LNG project located near Lake Charles, Louisiana, with total permitted capacity of 27.6 million tonnes per annum (Mtpa) across five trains. The approved foundation project includes three trains with a combined capacity of 16.5 Mtpa and achieved a successful final investment decision in April 2025. Bechtel is the engineering, procurement and construction contractor, under a lump sum, turnkey agreement. The facility utilises the Chart IPSMR ® liquefaction technology and Baker Hughes LM6000PF+ gas turbines. This announcement was approved and authorised for release by Woodside's Disclosure Committee. Forward-looking statements This announcement contains forward-looking statements with respect to Woodside's business and operations, market conditions, results of operations and financial condition, including, for example, but not limited to, statements regarding the transaction (including statements concerning the expected benefits of the transaction and other future arrangements between the parties) expectations regarding future expenditures and future results of projects. All forward-looking statements contained in this announcement reflect Woodside's views held as at the date of this announcement. All statements, other than statements of historical or present facts, are forward-looking statements and generally may be identified by the use of forward-looking words such as 'guidance', 'foresee', 'likely', 'potential', 'anticipate', 'believe', 'aim', 'estimate', 'expect', 'intend', 'may', 'target', 'plan', 'forecast', 'project', 'schedule', 'will', 'should', 'seek' and other similar words or expressions. Forward-looking statements in this announcement are not guidance, forecasts, guarantees or predictions of future events or performance, but are in the nature of aspirational targets that Woodside has set for itself and its management of the business. Those statements and any assumptions on which they are based are only opinions, are subject to change without notice and are subject to inherent known and unknown risks, uncertainties, assumptions and other factors, many of which are beyond the control of Woodside, its related bodies corporate and their respective officers, directors, employees, advisers or representatives. Details of the key risks relating to Woodside and its business can be found in the "Risk" section of Woodside's most recent Annual Report released to the Australian Securities Exchange and Woodside's most recent Annual Report on Form 20-F filed with the United States Securities and Exchange Commission and available on the Woodside website at You should review and have regard to these risks when considering the information contained in this announcement. Investors are strongly cautioned not to place undue reliance on any forward-looking statements. Actual results or performance may vary materially from those expressed in, or implied by, any forward-looking statements. All information included in this announcement, including any forward-looking statements, speak only as of the date of this announcement and, except as required by law or regulation, Woodside does not undertake to update or revise any information or forward-looking statements contained in this announcement, whether as a result of new information, future events, or otherwise. Other important information All references to dollars, cents or $ in this announcement are to US currency, unless otherwise stated. References to 'Woodside' may be references to Woodside Energy Group Ltd and/or its applicable subsidiaries (as the context requires). 1 See 'Woodside announces Louisiana LNG partnership with Stonepeak' announced on 7 April 2025 for details.
Borneo Post
19-06-2025
- Business
- Borneo Post
Woodside and Petronas eye long-term LNG supply
Woodside Energy vice president of business development and origination Jae Yoon Song (left) and PLL chief executive officer Ezran Mahadzir during the HOA signing. KUALA LUMPUR (June 19): Woodside Energy and Petronas, through its subsidiary Petronas LNG Ltd (PLL), have signed a non-binding heads of agreement (HOA) for the supply of one million tonnes per annum of LNG to Malaysia from 2028 for a period of 15 years. The LNG would be supplied from Woodside's global portfolio, and may include the recently approved Louisiana LNG project in the United States. Held on the sidelines of Energy Asia 2024, the HOA reflects the shared ambition of both companies to formally commit to deepening cooperation across the LNG value chain, building a relationship of mutual trust, benefit and success. Woodside executive vice president and chief commercial officer Mark Abbotsford welcomed the HOA with Petronas, recognised globally as one of Asia's most respected energy companies. 'This agreement marks the beginning of a new era of collaboration between Woodside and Petronas, and is an important step towards what would be our first long-term LNG sales to Malaysia. It reflects the value global buyers see in Woodside's Louisiana LNG project and our reputation as a safe and a reliable supplier of energy to Asia.' The agreement is expected to support Petronas' efforts to ensure secure, flexible LNG supply to meet growing demand in Peninsular Malaysia and the broader Asia-Pacific region. 'We are pleased to launch our new collaboration with Woodside, a leading supplier of LNG to Asia. We hope this will be the start of cooperation between Petronas and Woodside on future opportunities to support energy security and sustainability across the region,' said Shamsairi Ibrahim, Petronas vice president of LNG marketing and trading. The agreement was exchanged at the Energy Asia 2025 conference in Kuala Lumpur in the presence of Woodside CEO Meg O'Neill and Petronas executive vice president and chief executive officer of gas and maritime business Datuk Adif Zulkifli. The parties are now working to convert the HOA into a sales and purchase agreement. Woodside and Petronas share a long-standing relationship, having previously cooperated on exploration studies and research and development initiatives along with both spot and mid-term LNG sales and purchases. corporate news energy Energy Asia 2025 oil and gas Petronas
